Irrigation Department Tender

The bid capacity required includes a financial turnover and experience in similar works. For financial turnover, the bidder should have an average annual financial turnover during the last 3 years of at least 30% of the COST OF WORK (without G.S.T.). Given the estimated cost of the work is Rs.-412.49 lac, the required turnover is 30% of this amount, which is Rs.-123.74 lac. For experience in similar works, the bidder should have executed similar civil works, with the experience of having successfully completed similar nature civil works during the last 7 years. This can be met by completing three similar works costing not less than 40% of the estimated cost, two similar works costing not less than 50% of the estimated cost, or one similar work costing not less than 80% of the estimated cost. Given the estimated cost of the work is Rs.-412.49 lac, one of the options is three similar completed works costing not less than 40% of the estimated cost, which is Rs.-164.99 lac each. Alternatively, the Assessed available Bid capacity as per formula (2AN-B) should be greater than the Estimated Value of the work, where A = Maximum Value of Civil Engineering works executed in any one year, N = Number of years prescribed for completion of the works, and B = Value of existing commitments. The estimated value of the work is Rs.-412.49 lac. Therefore, the bid capacity required includes: - Average annual financial turnover of at least 30% of the COST OF WORK (without G.S.T.) - Completion of similar civil works meeting specific value requirements based on the estimated cost - Assessed available Bid capacity as per formula (2AN-B) greater than the Estimated Value of the work.